The euro is no solution to market turmoil

Poles, Hungarians and even Icelanders are telling the pollsters that they would rather like to join the euro. The devaluation of their currencies has left them feeling suddenly poor.

But ponder one question, my friends. The euro is based on solidarity: the assumption that, in the last analysis, taxpayers in the wealthy countries will bail out the indigent in poor countries. Now, given what you've seen of how the EU reacted to the financial crisis, are you confident that this will happen?